Non-banking financial companies (NBFCs) maintained their growth momentum in Q1 FY24 led by strong demand for retail, especially unsecured, loans and a pick-up in the rural and semi-urban…
Read more NBFCs maintain growth in Q1, wary of rising unsecured retail leverageGross loan portfolio of the microfinance industry rose 22 per cent in FY23 to ₹3.5-lakh crore, serving 6.6 crore unique borrowers. The number of active microfinance loan accounts…
Read more Microfinance AUM up 22% in FY23, MFIs top lenders with 40% shareIDFC First Bank is close to signing a deal to acquire Vaya Finserv’s entire microfinance loan portfolio for about ₹1,000 crore. “The portfolio buyout is intended at meeting…
Read more IDFC First Bank to acquire Vaya MFI’s assets for ₹1,000 crore
